| Author (Person) | Schäfer, Daniel |
|---|---|
| Series Title | Financial Times |
| Series Details | 20.9.11 |
| Publication Date | 20/09/2011 |
| Content Type | News |
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Siemens withdrew more than half-a-billion euros in cash deposits from a large French bank in September 2011 and transferred it to the European Central Bank, in a sign of how companies were seeking havens amid Europe’s sovereign debt crisis. Siemens’ move demonstrated the impact of the eurozone’s deepening sovereign debt crisis on confidence in European banks. |
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| Subject Categories | Business and Industry, Economic and Financial Affairs |
| Countries / Regions | Europe, Germany |
